It's interesting that many of these VC-backed PMC's, despite having 10k+ properties under management, aren't doing well financially - one of them just merged with another industry-related company also not doing well.Just for fun, here's a partial list of PMC expenses that owners pretend don't exist:Office rentComputers, printers & softwareInternet & phone billOffice furnitureOffice supplies: paper, postage, ink, etc.Office liability insuranceAuto expenses: monthly payment, insurance, gas, maintenance, registration/plate feesBroker license fees: annual, monthly board & MLS fees, continuing education fees, E&O insuranceEquipment: lockboxes, signs, etc.Business income tax preparation and paymentsStaff payroll & payroll taxes Time Tasks: answering phones, calling past due tenants, scheduling tours, taking marketing pics, processing those pics, writing ads, researching rent amounts, posting ads, explaining to owners how rent determined & showing where ad posted, opening & processing mail, posting payments, bank deposits, scanning documents & posting to owner & tenant portals, explaining accounting to owners so they understand their monthly statements, taking pics/videos of repairs, finding reputable handymen and contractors, confirming they're properly licensed & insured and tracking annually, verifying repairs done properly, processing invoices for utility bills, repairs, taxes, city inspections, scheduling periodic property evaluations/inspections with tenants that don't want strangers in their homes, explaining to owners why something is taking so long, and more & more & more...OBSERVATION: many owners only want to pay a flat fee or 50% of a month of rent as a leasing fee - without realizing the repercussions. 

And then after an hour restoration guy appeared and helped removing water from carpet using a machine and said as soon as I start work it will avoid mound deposits so I thought it’s right to do immediately he left after 1.5 hrs And then next day again his colleague appeared and put fans and dehumidifier and said it will remove entire water from wet carpet.

The vast majority of lawsuits against Landlords are for wrongful eviction, security deposit disputes, and Fair Housing Violations.

The vast majority of lawsuits against Landlords are for wrongful eviction, security deposit disputes, and Fair Housing Violations.

The vast majority of lawsuits against Landlords are for wrongful eviction, security deposit disputes, and Fair Housing Violations.

Step 3: deposits have to be paid to reserve the property and first month's rent is due the day before check-in.

Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

Be clear about what you expect, with a written lease, rules for the house, and a deposit.

I spoke to a guy last night the guys down payment and monthly and a womans just in January was way different good way . one part I found interesting on top of all the systems etc was that they cover earnest money deposits too..others more costly , no monthly payments , skip trace system they will cover closing costs ,inspections etc but not earnest money..I get tons of good deals from wholesalers plus other methods ..that was huge to me..I didn't see earnest money in agreement though .

The possibilities are endless but ARV is variable, which means the deal definitely needs to be done at the right price.